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Expansion▲ Bullish for Indian equities
Midwest Energy to set up Rs 250-crore rare earth magnet plant in Hyderabad
The brief
- Midwest Energy is setting up a ₹250-crore sintered NdFeB magnet plant in Hyderabad
- Commercial production is expected to begin by mid-October
- The plant adds domestic magnet capacity, relevant to Indian manufacturing and critical-mineral supply chains
- India and Australia pursue CECA and investment treaty talks, including critical minerals
- China's rare earths dominance to overshadow Trump's talks with Xi